Peter G

Registered with Property118.com
Saturday 24th March 2018

Trading Status
Joint

Providing essential rental accommodation since
2012

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 25

Peter G

14:51 PM, 16th November 2019
About 4 weeks ago

Shelter blame B&Bs on private landlords!

private landlords are not B&B owners. This is a separate commercial industry just like hotels and pubs.... Read More

Peter G

12:19 PM, 25th October 2019
About 2 months ago

Dan Wilson Craw laments the human misery that his demands would increase

the survey had many flawed and ambiguous questions, including the one quoted above... what does "with a six month break clause" actually mean? Does it mean (a) every 6 months throughout the 3 years, or (b) after the first 6 months (only 1 chance to break the contract), or (c) does "break" even mean something else, e.g. the time you can break the contract and leave, i.e. after 6 months notice? The poll results were therefore highly suspect and lacking credibility as people will have interpreted the questions differently.... Read More

Peter G

9:19 AM, 19th October 2019
About 2 months ago

Advanced rent leads to higher net tax?

Would it be naive to think that the HMRC would apply the same rules to income as they do for expenses? If they are consistent then you could use this explanation, as the HMRC rule for expenses says:
"If an expense covers more than one accounting period, you’ll need to spread that cost."
"For example, if your rent is payable 12 months’ in advance halfway through your accounting period, include half of the rent payable in the previous accounting period and half of the rent payable in this accounting period as an expense in your accounts for this year."
"Include the other half of the rent payable in this accounting period in your accounts for next year."

https://www.gov.uk/government/publications/how-to-calculate-your-taxable-profits-hs222-self-assessment-helpsheet/hs222-how-to-calculate-your-taxable-profits-2018--2#expenses... Read More

Peter G

14:51 PM, 17th September 2019
About 3 months ago

Section 21 abolition stinks!

Reply to the comment left by at 16/09/2019 - 15:47
Would the council consider the landord to be breaching the couple's right to privacy if the landlord provided such information to the council?... Read More

Peter G

14:51 PM, 12th September 2019
About 3 months ago

Wild west policy changes are damaging landlord confidence

Making it hard to remove tenants with arrears or bad behaviour is also contributing to Landlords leaving the business. It takes so many months to process a Section 8 or Section 21 that the Landlord is thousands of pounds out of pocket for no fault of their own. This is the true meaning of a "no fault" eviction using Section 21.
There needs to be speed and a fair attitude by the Courts to evict tenants who are being unreasonable by their behaviour or in arrears with rent. Threats to remove the option of a Section 21 eviction device is the last straw and will just cause many Landlords to quit as it has been a key protection for them, albeit slow.
What other businesses are having the laws that protect them being removed? What other businesses are being told their finance costs will be taxed as "income"?
It's appalling, and I doubt any Landlords will be voting Tory OR Labour at the next General Election.... Read More